Mortgage Rates Holding
11/23/2005
Mortgage rates edged down on many products overnight and into Wednesday morning, but it is unlikely that they will hold at lower levels.
At 2 p.m. EST on Monday, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year Conventional Fixed-Rate Mortgage was at 5.969 percent versus 6.031 percent on Tuesday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.572 percent compared with 5.599 percent on Tuesday.
Friday the financial markets will have abbreviated sessions and there will be no economic news released. Trading is also expected to be light due to Thanksgiving weekend vacationers. Due to the increase in yields on Wednesday, however, it is possible that mortgage rates could edge back up near previous levels over the next couple of days.
Mortgage rates edged down on many products overnight and into Wednesday morning, but it is unlikely that they will hold at lower levels.
At 2 p.m. EST on Monday, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:
The 30-year Conventional Fixed-Rate Mortgage was at 5.969 percent versus 6.031 percent on Tuesday.
The 15-year Conventional Fixed-Rate Mortgage was at 5.572 percent compared with 5.599 percent on Tuesday.
Friday the financial markets will have abbreviated sessions and there will be no economic news released. Trading is also expected to be light due to Thanksgiving weekend vacationers. Due to the increase in yields on Wednesday, however, it is possible that mortgage rates could edge back up near previous levels over the next couple of days.
<< Home